Conventional Land/Home Financing Has Benefits of Tying In Your Land Equity to Achieve Preferred Terms

Conventional Land/Home Financing Has Benefits of Tying In Your Land Equity to Achieve Preferred Terms2018-06-272018-08-16https://www.manufacturedhomeloans.com/wp-content/uploads/2018/08/mhls-logo-new.pngManufactured Home Loans & Mobile Home Loanshttps://www.manufacturedhomeloans.com/wp-content/uploads/2018/06/mhls-conventional-land-home-financing-benefits.jpg200px200px

Conventional land and home financing is an efficient way to finance a manufactured or modular home quickly while experiencing the benefits of tying in the land equity to achieve preferred terms.

A portion of the appraised land equity may be used to eliminate all or a portion of the down payment (land-in-lieu) requirements of a lender.

A simple land/home financing does not necessarily require the home to be installed on a foundation system.

Conventional land/home loans may require monthly mortgage insurance if the loan-to-value ratio is above 80%. Conventional loan financing is available for purchasing manufactured homes as a second home. Other manufactured home loans such as FHA, VA, and USDA are only available on primary residences.